1)

A STRIPS with 11 years until maturity and a face value of $10,000 is trading for $7,459. What is the yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Yield to maturity

2)

A municipal bond with a coupon rate of 3 percent has a yield to maturity of 4 percent. Assume a face value of $5,000. If the bond has 20 years to maturity, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

3)

A bond matures in 25 years, but is callable in 14 years at 122. The call premium decreases by 3 percent of par per year. If the bond is called in 15 years, what percent of face value will you receive? (Omit the "%" sign in your response.)

Bond call price in 15 years = _______%

4)

Atlantis Fisheries issues zero coupon bonds on the market at a price of $462 per bond. These are callable in 7 years at a call price of $530. Using semiannual compounding, what is the yield to call for these bonds? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Yield to call = ________%

5)

Sopranos Spaghetti Factory issued 19-year bonds two years ago at a coupon rate of 6.60 percent. If these bonds currently sell for 93.50 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

YTM

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